VOL. XL

No. 46

17-November-1997

YEMEN

Yemen Signs MOU With Canada's First Calgary For E&P Deal Covering Block 43

The Yemeni Ministry of Petroleum and Minerals signed on 9 November a Memorandum ofUnderstanding (MOU) with the Calgary-based First Calgary Petroleums Ltd. for anexploration and production sharing agreement covering a 2,717 sq.-km. block (the SouthHowarine block) in Yemen's Hadhramaut region (for location, see map in MEES, 3February). Under the terms of the MOU which is to be...